Technical Ceramics Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2025

 Technical Ceramics Market Overview:

Each phase of industrialization witnesses a material taking over a majority share of applications. Globally, industrialists have capitalized over the toughness of steel and then progressed towards the light weighing and sturdy plastic. Presently, the modern era manufacturers are leveraging the development of technical ceramics. Owing to its phenomenal peculiarities such as extreme rigidity, impeccable temperature stability, and extraordinary wear and corrosion resistance at high temperature, the technical ceramics market has grasped tremendous scope of applications in electrical and electronics, medical, automotive, energy and power sectors. Abundant potential and opportunities has driven the technical ceramic market size to be $6.05 billion as of 2018.

Technical Ceramics Market Outlook:

On the basis of types, technical ceramics market is bifurcated mainly into oxide ceramics, non-oxide ceramics, and silicate ceramics. With each variant being profitably exploited by flourishing end-users, the arcade is considered to be progressing at a global CAGR of 5.80% during the forecast period of 2019-2025. Regional viewpoint of the market states APAC to be holding the apex spot in terms of global demand. This terrain with affluent manufacturing nucleus of India and China primarily accounted for 35% of the global technical ceramics market demand in 2018.

Factors responsible for APAC’s dominance-

Electrical and electronics estate- As per the World Economic Forum, 731 million people in China use the internet. This data indicates the prosperous consumer electronics industry of China. Consumption-related mobile payments totaled $790 billion in 2016 which was 11 times more than United States, which boasts 262 million mobile internet users.[1] Similarly in India, IBEF foresees the Indian appliance and consumer electronics (ACE) market to increase at a CAGR of 9% to reach US$ 48.37 billion in 2022, with electronics hardware in India is expected to reach US$ 400 billion by FY24.[2] With extensive and suitable assortment of electrical properties, such as lining, magnetic, superconducting, piezoelectric and semi-conducting, technical ceramics is a requisite factor in manufacturing of electronic device’s components such as semiconductors, capacitors, and other technical ceramics-containing electrical constituents.

• Request Sample

Electrical and electronics being the most vital acquaintance of modern mankind, is also the most flourishing end-user segment of the technical ceramics market share, with opportunities growing at a CAGR of 5.00% going through 2025.

Ascending Automotive Arcade- Ceramic matrix composites (CMR) are employed by the flourishing automotive sector owing to its stiffness and durability. Technical ceramics materials are developed into automotive spark plug insulators, catalyst components for emission regulating gears, and sensors. Metal constituents in the combustion engine receive ceramics coatings to enhance lower fuel consumption and reduce exhaust emission. Thus the flourishing automotive sector of APAC countries progressing at an impeccable rate in India (7.98%), Indonesia (10.31%), and Malaysia (12.18%) as of 2018 (OICA) is a major employer of technical ceramics.[3]

Technical Ceramics Market Trends and Growth Drivers:

·         Bio-ceramics is a major trend disrupting the exponential growth pertaining to medical application of technical ceramics. Dental applications (ceramic-based orthodontic braces) and artificial organ implants (such as hip-joints) along with, biocompatible coatings in the healthcare are adopting bio-ceramics as an integral component. Bio-ceramics trend is capitalizing itself commercially over the growing geriatric population, in need of orthopedic implants.  As per the National Center for Biotechnology Information, the number of total joint arthroplasty (TJA) exceeds 1 million in the U.S and the statistic is foreseen to reach 4 million by 2030.

·         Ceramic fibre, also known as high-temperature insulation wool (HTIW) is a major type of synthetic mineral wool. Its products are used for high temperature insulation applications by energy vendors to prevent heat loss and save energy. In the power generation engineering, ceramics are mainly used in the manufacture of turbine blades and engine apparatuses for the machinery units.

·         Military, aerospace and astronautic sectors are exploiting the benefits of advanced ceramics plates and tiles. Application of ceramic tiles in the exteriors of space shuttles ensures optimum resistance of thermal shock and chemical steadiness on arrival in and departing the atmosphere. Similarly, safeguarding steel gears are being gradually sidelined by ceramic armour plates as it provides efficient airborne impact resistance and also maintains the weight of aircraft.

• Inquiry Before Buying

Technical Ceramics Market Challenges:

Substitutes for technical ceramics such as aluminium is comparatively economical in terms of its price. For instance, it is challenging to replace the complete application of inexpensive aluminium in the profits-oriented commercial aerospace sector with ceramics. However, owing to its impeccable performace, various other end-users such as defense and astronautic are engineering their operation towards technical ceramics.

Technical Ceramics Market Players Perspective:

The major key players establishing their ground in technical ceramics market are Kyocera Corporation, CeramTec GmbH, Morgan Advanced Materials, McDanel Advanced Ceramic Technologies, Superior Technical Ceramics, Rauschert Steinbach GmbH, NGK Spark Plug Co Ltd, Saint Gobain, Coorstek Inc, International Syalons and Ceradyne Inc.

International Syalons in association with its European associates has revealed the exceptional abilities of lithographic-additive manufacturing (3D printing) (L-AMT) of ceramic materials including Syalon 101. If commercialized on a larger scale this can reduce the expenses of traditional ceramic manufacturing process.  

Technical Ceramics Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the technical ceramics market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various applications in technical ceramics market, and their specific advantages.

The Technical Ceramics Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia

• Schedule a Call

Key Questions Addressed in the Technical Ceramics Market Report

1.         Is the market for the Technical Ceramics Market growing? How long will it continue to grow and at what rate?

2.         Which type of systems presents the major growth opportunities?

3.         Is there a possibility for change in the market structure over time? 

4.         Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?

5.         Do the key vendors look for partnerships to expand their businesses with respect to geography or product?

6.         What are the short-term, long-term, and medium-term growth drivers for the market?

7.         What are the short-term, medium-term, and long-term challenges for the market?

8.         What are the short-term, medium-term, and long-term opportunities for the market

9.         Who are the top players/companies of the market?

10.       What are the recent innovations in the market?

11.       How many patents have been filed by the leading players?

12.       What are the types of patents filed by the leading players?

13.       What is our Vision 2030 technical ceramics market?

A few focus points of this Research are given below:

•           Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies

•           Provide an overview of the product portfolio, including product planning, development, and positioning

•           Discuss the role of technology companies in partnerships

•           Explore the regional sales activities

•           Analyze the market size and giving the forecast for current and future technical ceramics during the forecast 2019–2025

•           Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures.

"We also publish more than 100 reports every month in "Chemicals and Materials" Go through the Domain if there are any other areas for which you would like to get a market research study."